
Calibre Mining Corp. (TSXV:CXB) announced that the Company has closed its non-brokered private placement financing previously announced on April 11, 2016 for gross proceeds of $3,000,000.
Calibre Mining Corp. (TSXV:CXB) announced that the Company has closed its non-brokered private placement financing previously announced on April 11, 2016 for gross proceeds of $3,000,000.
The proceeds of the Private Placement will be used to advance the exploration and development of the Company’s 100% owned projects in Nicaragua including:
- drilling of the high priority Santa Maria gold-silver Target within the Rosita District,
- continued exploration of the Northern Siuna Project which contains the Montes de Oro Target as well as a series of “look alike” targets,
- additional work on anomalous zones in the Carpatos District and the El Paste Concession,
and for general working capital purposes.
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